Small business impacted by the shutdown
The US gave out PPP loans to pretty much any company last year and it was taken advantage of.
For small companies that use Gig workers (consultants) they didn’t qualify for the loan. I have seen many small businesses closing up now.
With small businesses making up the majority of companies in the US, one would think that they would come back out with a PPP focusing just on them.
If we stay on this road, we will see 20/25% of those businesses disappear.
Remember, they buy from mid to large companies for many of their products or utilize their services.